Proto Labs Inc (PRLB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 223,200 | 221,993 | 215,465 | 222,691 | 217,827 |
| Revenue | US$ in thousands | 500,890 | 503,877 | 488,398 | 488,098 | 434,395 |
| Gross profit margin | 44.56% | 44.06% | 44.12% | 45.62% | 50.14% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $223,200K ÷ $500,890K
= 44.56%
Proto Labs Inc's gross profit margin has shown a slight decline over the past few years. Starting at 50.14% on December 31, 2020, the gross profit margin decreased to 45.62% by December 31, 2021. Subsequently, the margin continued to trend downwards to 44.12% on December 31, 2022, 44.06% on December 31, 2023, and slightly increased to 44.56% by December 31, 2024. This indicates that the company's profitability from its core operations has experienced some variability, possibly impacted by factors such as changes in costs of goods sold or pricing strategies. Monitoring and analyzing the gross profit margin moving forward will be essential to understand Proto Labs Inc's ability to effectively manage its production costs and pricing strategies to sustain or improve profitability.
Peer comparison
Dec 31, 2024